SKIL Infrastructure Limited — Important, 29-11-2024: Updates

SKIL Infrastructure Limited is currently undergoing a Corporate Insolvency Resolution Process (CIRP) after an application was filed by Amluckie Investment Company Limited. The process began on February 1, 2024, with the Interim Resolution Professional (IRP) appointed to oversee the transition. The constitution of the Committee of Creditors (CoC) has been temporarily stayed.

Due to the lack of cash flow and contributions from creditors, the company has faced significant operational challenges, including the halting of services from NSDL and CDSL, which are vital for reporting shareholding positions. Consequently, SKIL Infrastructure is unable to submit its shareholding pattern and other required compliance reports for the quarters ending March 31, June 30, and September 30, 2024. The IRP is actively pursuing claims for outstanding pre-CIRP dues and engaging with these service providers to ensure compliance in the future. Investors should monitor this situation closely as it evolves.